Whereas last week’s post introduced condominium association (“CA”) liens and their priority in title under Indiana law, this week’s post addresses CA liens in connection with a deed-in-lieu of foreclosure (“DIL”). A DIL can be a relatively simple and positive transaction for a secured lender struggling with an unperforming loan. But in cases dealing with a condominium property, lenders need to be careful about inheriting unpaid CA assessments. Read more………
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